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Growth in luxury has been primarily driven by brand heat and newness, however millennials and Gen Z are increasingly demanding more quality and sustainability. In a recent Deutsche Bank Research consumer survey on what criteria are important for luxury spending and how they have changed over time: sustainability saw the third largest increase to importance when purchasing luxury. [more]

The Luxury goods market is evolving with a push towards sustainability

Francesca DiPasquantonio

Growth in luxury has been primarily driven by brand heat and newness, however millennials and Gen Z are increasingly demanding more quality and sustainability.